Binance Reportedly Informs Market Makers About US Settlement
Executives of the cryptocurrency exchange Binance informed its top market makers about the possible $4.3 billion settlement with U.S. authorities, allowing the exchange to stay in business. According to a report published by Bloomberg on December 1, Binance traders were briefed on a provisional agreement between the cryptocurrency exchange and U.S. officials at an exclusive […]
Binance Burns 4B Terra Luna Classic (LUNC) Tokens
Binance exchange burns the sixteenth shipment of Terra Luna Classic (LUNC) tokens, totaling nearly 4 billion, bringing the total number of LUNC destroyed by the exchange to over 43 billion, representing 52% of the total tokens burned by the Terra Luna Classic community. The transaction from December 1 indicates that cryptocurrency exchange Binance transferred 3.90 […]
Binance Introduces Groundbreaking Banking Triparty Agreement
In an innovative triparty arrangement with a banking partner, Binance provides institutional investors a safe way to handle counterparty risks in cryptocurrency. With a financial partner, Binance has effectively carried out the first-ever cryptocurrency triparty agreement, while the name of the banking partner remained undisclosed. This important breakthrough provides a first-in-crypto solution that mimics conventional […]
Changpeng Zhao Steps Down as Binance.US Chair
Changpeng “CZ” Zhao, a co-founder of Binance, has resigned as Chairman of Binance Holdings Ltd., the US international exchange division. Changpeng Zhao has not only consented to resign from the board but also transferred his voting shares through a proxy arrangement, as the US affiliate disclosed in its notice to the community. The announcement reads: […]
Binance Labs Invests in Open Campus to Advance Educational Content Creation
In an effort to boost Web3 adoption through innovative NFTs and strategic relationships, Binance Labs has invested millions of dollars in a Web3 teaching platform. The largest cryptocurrency exchange in the world, Binance, recently revealed plans to invest millions of dollars in Open Campus, a community-led web3 education platform, through Binance Labs, its venture arm. […]